Yearly trend: higher

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.

Idea: use bullish parallel rules

Bet: qualification into a bullish bubble?

 

Long term: flat

On a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Meanwhile, a bearish no-crossover could be the status for our stochastic and MACD. With this hypothesis (end of period) LQ will be our main target.

On a monthly basis, the spread UM / LM is flat and far away from its minimal level. With a close below MM and an overbought status for our stochastic and MACD, LM will be our favourite objective.

Idea: bearish no-crossover for our quarterly stochastic (and MACD)

Bet: monthly Bollinger bands could stabilize in early summer

R= UM (93.35);    S= MM (66), LQ (36.64)

 

Medium term: rise?

On a weekly basis, the spread UW / LW is shrinking but not yet minimal. A bearish A type crossover is in progress with our moving averages. The MACD is oversold. PW and UW are our objectives.

Idea: as long as PW = resistance a rise could be a technical recovery.

Bet: nothing to do

R = PW (81.26), UW (87.56);     S = LW (69.98)

 

Short term: recovery

On a daily basis, UD / LD spread is not minimal. Our moving averages; stochastic and MACD are up with a bullish no-crossover. As long as MD proves to be a support, the rise in progress will continue.

Idea: use our daily MACD as a leading indicator

Bet: nothing to do

R =PW (81.26);          S = MD (75.32), LD (70.89)

 

Conclusion: without clear trend

 

Formations ATDMF, renseignements : atdmfcahen@yahoo.fr